Friends of TMAF

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Cho-Liang Lin

Phone

6463267685

Tax Period

2021-01-01 to 2021-12-31

Friends of TMAF, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $341K in total revenue in fiscal year 2021. Revenue surged 808% from the prior year, signaling strong growth momentum. Expenses of $293K left a modest 14% surplus.

Mission

Friends of TMAF provides grants and support to Taiwan Music and Academy Festival (TMAF) programs, which include scholarships, travel subsidies, faculty endowments, new compositions, and concert tours.

Program Service Accomplishments

Program 1

Expenses: $285,537 Revenue: $36,065

Friends of TMAF supports and promotes the Taipei Music Academy and Festival (TMAF) and provides participants with various scholarships.During the COVID-19 outbreak in Taiwan in the summer of 2021...

Friends of TMAF supports and promotes the Taipei Music Academy and Festival (TMAF) and provides participants with various scholarships.During the COVID-19 outbreak in Taiwan in the summer of 2021, TMAF was relocated and held in San Francisco. As the primary organizer, Friends of TMAF sponsored 14 internationally-renowned master musicians and three faculty members from the San Franciso Conservatory of Music; hosted 48 young music students from around the world, and presented four concerts at SFCM and the Frost Amphitheater of Stanford University. The opening orchestra concert drew an audience of over 1,000 individuals despite the social distancing requirement.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $305,350

Program Service Revenue $36,065

Investment Income $0

Other Revenue $0

TOTAL REVENUE $341,415

Expense Breakdown

Grants Paid $21,519

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $285,537

Other Expenses $256,179

TOTAL EXPENSES $292,698

Year-over-Year Comparison

	2021	2020	Change
Revenue	$341,415	$37,600	+8.1%
Expenses	$292,698	$30,974	+8.4%
Net Income	$48,717	$6,626	+6.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$15,000

Total Directors